For each of these situations, determine the savings amount. Use an online time value of money calculator, app, financial calculator, or

spreadsheet software.

a$.$ What would be the value of a savings account started with $$500,$ earning $3$ percent $($compounded annually$)$ after $10$ years?

Note: Round FV factor to $3$ decimal places and final answer to the nearest whole dollar.

b$.$ Brenda Young desires to have $$18,000$ eight years from now for her daughter's college fund. If she will earn $5$ percent

$($compounded annually$)$ on her money, what amount should she deposit now? Use the present value of a single amount calculation.

Note: Round PV factor to $3$ decimal places and final answer to the nearest whole dollar.

c$.$ What amount would you have if you deposited $$2,400$ a year for $30$ years at $8$ percent $($compounded annually$)?$

Note: Round discount factor to $3$ decimal places and final answer to the nearest whole dollar.